Veoneer Demonstrates Latest Active Safety Products and Solutions at North American Event

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Jun 19, 2019, 08:38 ET

DETROIT, MI, June 19, 2019 /PRNewswire/ -- Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), the world's largest pure-play company focused on Advanced Driving Assistance Systems, Collaborative and Automated Driving showcases the company's newest Active Safety products during a Ride and Drive event for customers at the American Center for Mobility on June 19, 2019. At the event, Veoneer will showcase the first demonstration of Zenuity's system software using Veoneer sensors and computing platform.

Customers are experiencing on-track vehicle demonstrations of Veoneer's latest Active Safety technologies this week in Ypsilanti, Michigan. Important technologies being showcased include a vehicle integrated with Zenuity's system software and Veoneer's forward corner radars and mono vision cameras. Zenuity, a 50/50 Joint Venture of Veoneer and Volvo Cars, started operations in 2017 to create technology for safe and intelligent mobility.

Last week it was announced that Volvo Cars is planning to use elements of the Zenuity software and Veoneer's control unit hardware in autonomous drive ready base vehicles it supplies to Uber to implement a vehicle control module, allowing the vehicle to stop with minimal risks, even in challenging environments.

The breadth of Veoneer's technology portfolio, demonstrated at the Ride and Drive event includes:

Zenuity. World-leading scalable software solutions operating on a Veoneer ADAS ECU, using Veoneer's 4th generation mono vision cameras and 77 GHz front radars. Features highlighted will include adaptive cruise control with stop and go, autonomous emergency braking, traffic jam assist and lane keeping assist, using the latest sensor fusion software.

4th Generation Mono Vision. Industry leading 100-degree camera visualization with wider lateral detection capabilities, which can handle more complicated traffic scenarios than previous generations.

Stereo Vision. Industry leading advanced stereo visualization and real-life braking. Features highlighted will include general and 3D object detection, road surface profile generation, and drivable surface judgment, leading to a much better driving experience.

Radar. Latest radar demonstration, using Veoneer's 77GHz corner and front radars. Features highlighted will include long range motorcycle detection.

LiDAR. First demonstration of a very compact LiDAR mounted behind the windshield near the rearview mirror.

In-Cabin Monitoring. First demonstration of Veoneer's in-cabin monitoring system, which can monitor the entire passenger cabin.The system detects a child left behind in the vehicle and notifies the driver of the situation.

Night Vision. Highlighting Veoneer's 4th generation night vision with VGA resolution. The system demonstrates how a vehicle can drive autonomously, avoiding a pedestrian in total darkness and foggy conditions via input from an orthogonal and unique sensing of the car's thermal environment.

Learning Intelligent Vehicle. Third generation of Veoneer's research vehicle which focuses on building trust between vehicle and driver using several Human Machine Interface related technologies, cloud based connected safety, driver monitoring and cloud-based mapping.

Connectivity. Veoneer is partnering with Ericsson to enhance the driving experience by utilizing Ericsson's secure cloud platform and using AT&T's private 4G LTE network at the American Center for Mobility. This technology will let drivers and vehicles interact with their surroundings, including near real-time roadside assistance, traffic controllers or emergency responders on the road in unanticipated situations like automobile accidents.

"This event is a great opportunity to highlight our broad portfolio of state of the art, production-ready Active Safety technology to our customers, " says Jan Carlson, Chairman, President and CEO at Veoneer. "I am particularly pleased that this is the first public demonstration of Zenuity's software stack integrated with Veoneer's sensors."

Veoneer designs, develops and manufactures products and safety electronics hardware, software and system solutions for active safety, autonomous driving, occupant protection and brake control. Our purpose is to create trust in mobility. Veoneer is a new technology company that is building on a heritage of close to 70 years of automotive safety development. Veoneer has 9,200 employees in 13 countries with sales in 2018 of $2.2 billion. Headquartered in Stockholm, Sweden, Veoneer is listed on the New York Stock Exchange and on the Nasdaq Stockholm.

Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law

CONTACT:

For more information please contact:

Thomas Jönsson, EVP Communications & IR, Tel +46-(0)-8-527-762-27
Ray Pekar, VP Investor Relations, Tel +1-(248)-794-4537

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